Mortgages 101

Mortgages 101

Whether you’re taking the plunge into real estate for the first time or maybe you’d just like a refresher, we’re here to make things easy to understand and incredibly convenient.

Our CENTUM mortgage brokers want to be your source for mortgage advice providing help, advice and ongoing guidance. Our focus is getting you the right mortgage solution for your needs and budget. Let us simplify the financial side of home ownership.

The age-old debate: The security of fixed rate versus the potential savings by having a variable rate that adjusts with the Bank of Canada prime rate. Let’s get you into something you are comfortable with! We could write a small book on this topic but let’s be honest, who reads that much anymore? We’re actually grateful you’ve read this far so, as a thank you, here’s a video to explain the difference.
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Trying to select the best mortgage term for everyone is like declaring the best flavour of ice cream, it just can’t be done!

Just like no two people are exactly alike, the same goes for mortgages. Picking the right mortgage is beneficial to your long-term planning and it can help you pay your mortgage down faster.

Everyone’s circumstances and goals are different and our role in this process is to understand your needs and wants before helping you choose a mortgage term. Once we’ve established what best fits your financial plan, we can then present you with a variety of options that will keep you on track.

The combination of a well thought out plan, with a mortgage that offers pre-payment flexibility and a term that aligns with your life, is a recipe for smart home ownership.

Let’s start a conversation about how we can get you exactly what you’re looking for!

Lowest Rates* in Canada

Lowest Rates* in Canada

Term

Our Rate

Bank Rate

3 Year Fixed

3.44%

3.49%

5 Year Variable

2.85%

3.45%

5 Year Fixed

3.59%

3.79%

November 16, 2018

Updated:August 01, 2017

Rates may vary between geographic regions and the posted rates on this website may not be available in your area. Please contact your local CENTUM office for more details.